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Auction activity starts to slow

By Jamil Allouche

Auctions have become a popular means of securing property in Brunswick, but it seems the surge in activity seen over the spring months could finally be slowing down.

The weekend of 15 November saw a clearance rate of 72.1 per cent, Australian Property Monitors (APM) revealed.

While this is still slightly higher than the 71.6 per cent recorded the previous weekend, it's nevertheless one of the weakest readings seen since the first weekend of July.

This could be good news if you're hoping to buy your next property at auction, not least because it suggests that competition for real estate is starting to fall.

As a result, there's a chance you might be able to secure your next home for less, leaving you with some cash left over for putting your own stamp on it.

APM figures also show that the four-weekend average clearance rate now stands at 73.9 per cent, which is significantly lower than the 77.9 per cent seen over the past four weekends.

Having a real estate agent on your side is a great way of improving your chances of success, so why not give the team at Ray White Brunswick a call?

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